How does a Market Order work?

Limit Order

A set limit order lets you set the minimum or maximum price where you want to purchase and sell currency. This allows you to take advantage of rate fluctuations beyond trading hours and delay for the desired rate.

Limit Orders are ideal for clients that have an upcoming payment to create but who still have time to achieve a better exchange rate than the current spot price before the payment has to be settled.

N.B. when putting a what is stop market order there’s a contractual obligation so that you can honour the agreement if we are in a position to book in the rate which you have specified.
Stop Order

A stop order lets you chance a ‘worst case scenario’ and protect your important thing if the market would have been to move against you. You can generate a limit order which will be automatically triggered if your market breaches your stop price and Indigo will get your currency with this price to actually usually do not encounter a much worse exchange rate when you require to make your payment.

The stop enables you to take advantage of your extended time frame to get the currency hopefully at the higher rate and also protect you if the market ended up being to oppose you.

N.B. when locating a Stop order you will find there’s contractual obligation for you to honour the agreement when we’re capable to book the interest rate for your stop order price.
For more details about limit vs. stop order view our website: read more